Observations

Withdrawals:

Number of Transactions: There have been 10,236 withdrawal transactions in total.
Number of Unique Addresses: A total of 4,188 unique addresses participated in the withdrawal activity.

Deposits:

Number of Transactions: There have been 13,599 deposit transactions in total.
Number of Unique Addresses: A total of 6,311 unique addresses participated in the deposit activity.

Monthly Number of Transactions - Withdrawals:
- From October 2020 to January 2021, the number of monthly withdrawal transactions increased and reached 1.28k transactions.
- From January 2021 onwards, there is a decreasing trend in the number of monthly withdrawal transactions.
Monthly Number of Transactions - Deposits:
- Similar to withdrawals, the number of monthly deposit transactions also increased from October 2020 to January 2021 and reached 1.8k transactions.
- From January 2021 onwards, there is a decreasing trend in the number of monthly deposit transactions.
- In November 2022, there was a slight increase to 529 transactions, but the decreasing trend resumed afterward.
Monthly Number of Active Users - Withdrawals:
- From October 2020 to January 2021, the number of monthly active users making withdrawals increased and reached 661 users.
- From January 2021 onwards, there is a decreasing trend in the number of monthly active users making withdrawals.
Monthly Number of Active Users - Deposits:
- Similar to withdrawals, the number of monthly active users making deposits increased from October 2020 to January 2021 and reached 963 users.
- From January 2021 onwards, there is a decreasing trend in the number of monthly active users making deposits.
- In November 2022, there was a slight increase to 461 users, but the decreasing trend resumed afterward.

The observations reveal a consistent pattern across both the number of transactions and the number of active users. From October 2020 to January 2021, there was a significant increase in both withdrawals and deposits, as well as the number of active users. However, starting from January 2021, there has been a decreasing trend in all these metrics. Although there were slight increases in some months, the overall trend remains downward. These observations suggest a possible decline in user activity or engagement with the platform since January 2021, which requires further investigation to understand the underlying causes.

Aave and stAave Movements on Ethereum Mainnet